Tesla Cybercabs Spotted in Palo Alto; Khouw Outlines Trade — SkimNews
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- Tesla Cybercabs with no steering wheel or pedals have been spotted driving around Palo Alto, with Khouw describing the rollout as "a gamechanger"
- Tesla shares jumped 5.4% on Cybercab launch day to close near $376, still well below the 52-week high of roughly $499
- Mike Khouw recommends buying December 390 calls at $32.50 while selling the Oct 23 weekly 425 calls at $9.50 and 330 puts at $7.30, a net debit of $15.70
- Tesla's three strongest technical indicators over the past year — MACD, DMI, and RSI — are all bullish, supporting the long-call thesis
- Waymo already has scale and trip volume Tesla has not matched, and the Cybercab is a two-seater with no cargo, per the source
- The Cybercab launch is limited to a small unsupervised fleet, with unit economics hinging on rapid expansion of utilization and regulatory permission
Why it matters: For active options traders, Khouw's $15.70 net-debit structure profits only if TSLA pushes above $405.70 by December — roughly 7.9% above the $376 close — while a break below $330 before Oct 23 forces put assignment and ties up substantial cash as the defined cost of financing the long call.
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